Kerry Group plc (OTCMKTS:KRYAY) Sees Large Drop in Short Interest

Kerry Group plc (OTCMKTS:KRYAY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 11,000 shares, a drop of 35.7% from the September 15th total of 17,100 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 1.3 days.

Kerry Group Stock Up 0.3 %

OTCMKTS:KRYAY traded up $0.31 during mid-day trading on Friday, hitting $103.00. 2,382 shares of the company’s stock were exchanged, compared to its average volume of 10,312. Kerry Group has a fifty-two week low of $75.13 and a fifty-two week high of $105.21. The company has a 50 day simple moving average of $100.18 and a 200-day simple moving average of $90.35.

Kerry Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, October 11th.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.